Virgin Galactic is trading 5.3% down at $2.56 as the stock undergoes a partial pullback following a two-day technical bounce.
- The previous rally was fueled by news of July 15 inducement RSU awards granted to new employees.
- There is currently no fresh company-specific news, suggesting the move is a correction of recent gains.
- Broader market sentiment is also negative today, with major U.S. indices trading lower.